Nobody knows the true cost of cyber crime in the UK or how rampant it is.
Crimes are often undetected or, if discovered, are not reported. When they are discovered and reported they tend to get listed under different offence categories ranging from fraud to pedophilia. With Government and the police, the Chamber is driving moves to tackle this pernicious crime.
Cyber crime is costing UK business billions of pounds a year. Various studies suggest the annual cost of the crime to the UK as a whole could be as high as £27bn. Cyber-crime is an all-embracing term for criminal activity involving the use of computers and includes identity theft, online scams, intellectual property theft, espionage, extortion and fiscal fraud.
Firms united to fight cyber crime in 2013.
Several IT firms in the West Midlands were leading the fight against hackers with the help of a computer game.
Serious Games in Coventry had teamed up with a cyber-security specialist and a team of organisational psychologists from Aston University in Birmingham, to create software they hope will be used alongside business training.
Cyber crime is now ranked as one of the top four threats to national security, higher than a nuclear attack!!
To keep up to date with the latest dangers online, we suggest you contact your local Chamber or visit the HMRC website for further details.